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Updated about 1 year ago on . Most recent reply

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Faiz Kanash
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Do you keep your inherited tenants or evict them?

Faiz Kanash
Posted

Just looking for what landlords typically do when they come across a new investment property. I'm new to the buy and hold game, I specialize more in fix n flips but will be tapping into rentals soon. Most, if not all, multi-family properties here are already occupied by tenants, usually on month to month from what I've seen. Do you typically keep the inherited tenants and offer them the opportunity to stay with a new lease that meets market rents? Or, do you not go through that hassle, have the seller evict before purchasing the property?

Was curious to see what most people did, and the reasons behind it as it'll help me better understand what I will do in the future. Thank you!

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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

We would not evict anyone unless we absolutely needed to. Often inherited tenants are just fine, in my experience anyway, as long as you are buying decent properties.

The last property I bought was a 12 unit apartment and the tenants all worked out. For us existing tenants have been a big part of the asset.

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